Lindsay Lohan will get her chance to play one of film's greatest actresses in a biopic for Lifetime. The network confirmed months of speculation on April 23 when it announced that Lohan was officially cast as Elizabeth Taylor in the Lifetime Original Movie "Liz & Dick."

The film will be based on the story of Taylor's torrid romance with actor Richard Burton and is set to begin shooting in June in Los Angeles, the network said in a statement. The actor playing Burton has not been announced.

Taylor and Burton met in Italy on the set of the 1963 film "Cleopatra." At the time, Burton had been married to Sybil Williams since 1949 and Taylor had been married to Eddie Fisher since 1959. The couple divorced their spouses and married for the first time in 1964. The two divorced in 1974, but remarried in 1975 before calling it quits again in 1976. Burton died in 1984.

Taylor died of congestive heart failure at age 79 on March 23, 2011. She was laid to rest a day later at a private memorial service at Forest Lawn Cemetery near Los Angeles. Taylor became as famous for her love affairs as she was for her movie roles in films like "Cleopatra" and "Who's Afraid of Virginia Wolf?" She was married eight times to seven husbands.

"I have always admired and had enormous respect for Elizabeth Taylor. She was not only an incredible actress but an amazing woman as well. I am very honored to have been asked to play this role," Lohan, 25, said in a statement.

For Lohan, the role could help her repair her damaged reputation in the entertainment industry due to her string of arrests and prison stays stemming from a drunk driving conviction in 2007 and a theft charge in 2011.

However, the actress' personal and professional lives have been in an upswing with a gig on "Saturday Night Live" that delivered high ratings. She also recently fulfilled her probation requirements to end her probation from the 2007 arrest.

"Probation terminates today. Now," the judge presiding over her probation case said on March 29. "I'm not going to give a lecture because you know what you need to do. You need to live your life in a more mature way, stop the nightclubbing and focus on your work. You don't need to come to court anymore. The DUI case is now over for you."